Is this the end of owning music? (BBC)

Sales of CDs plummeted by 23% last year, as consumers flocked to streaming services for their music.

Just 32 million CDs were sold in 2018 – almost 100 million fewer than in 2008; and a drop of 9.6 million year-on-year.

The growth of vinyl also began to plateau, with 4.2 million records sold, a rise of just 1.6%, said the BPI.

Shrinking shelf space in supermarkets contributed to the slowdown, but HMV’s troubles suggest we are increasingly uninterested in owning our music.

The CDs that did sell in large quantities tended to appeal to older, non-traditional music buyers – with six of the year’s top 10 albums either film soundtracks or Now compilations.

Article : https://www.bbc.com/news/entertainment-arts-46735093

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